Culbertson A N & Co. Inc. Decreases Stake in Dell Inc. (NYSE:DELL)

Culbertson A N & Co. Inc. reduced its holdings in Dell Inc. (NYSE:DELL) by 10.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,161 shares of the technology company’s stock after selling 981 shares during the period. Culbertson A N & Co. Inc.’s holdings in Dell were worth $419,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Catalyst Capital Advisors LLC raised its stake in Dell by 83.4% during the third quarter. Catalyst Capital Advisors LLC now owns 552 shares of the technology company’s stock worth $29,000 after purchasing an additional 251 shares during the period. Quest Capital Management Inc. ADV purchased a new position in Dell during the third quarter worth about $52,000. CENTRAL TRUST Co raised its stake in Dell by 30.6% during the third quarter. CENTRAL TRUST Co now owns 1,118 shares of the technology company’s stock worth $58,000 after purchasing an additional 262 shares during the period. NEXT Financial Group Inc raised its stake in Dell by 257.3% during the third quarter. NEXT Financial Group Inc now owns 1,297 shares of the technology company’s stock worth $67,000 after purchasing an additional 934 shares during the period. Finally, Truvestments Capital LLC increased its position in shares of Dell by 17.2% during the third quarter. Truvestments Capital LLC now owns 1,441 shares of the technology company’s stock valued at $75,000 after acquiring an additional 211 shares during the last quarter. 22.74% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Vice Chairman Jeffrey W. Clarke sold 614,312 shares of Dell stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $55.00, for a total value of $33,787,160.00. Following the completion of the transaction, the insider now owns 652,467 shares in the company, valued at $35,885,685. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Thomas W. Sweet sold 97,499 shares of Dell stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $50.00, for a total transaction of $4,874,950.00. Following the completion of the transaction, the chief financial officer now owns 126,388 shares of the company’s stock, valued at approximately $6,319,400. The disclosure for this sale can be found here. Insiders sold 1,464,064 shares of company stock valued at $77,073,780 in the last 90 days. Company insiders own 49.50% of the company’s stock.

Shares of DELL stock traded down $1.57 during trading on Monday, reaching $48.41. The company’s stock had a trading volume of 2,163,697 shares, compared to its average volume of 2,208,278. The company has a debt-to-equity ratio of 11.54, a current ratio of 0.71 and a quick ratio of 0.64. The company has a market capitalization of $35.57 billion, a price-to-earnings ratio of 9.64, a P/E/G ratio of 0.66 and a beta of 0.88. The stock’s 50-day moving average price is $49.94 and its 200 day moving average price is $51.49. Dell Inc. has a 1-year low of $44.35 and a 1-year high of $70.55.

Dell (NYSE:DELL) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.20. The firm had revenue of $22.84 billion during the quarter, compared to analysts’ expectations of $23.03 billion. Dell had a net margin of 4.54% and a return on equity of 457.91%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.53 earnings per share. On average, sell-side analysts anticipate that Dell Inc. will post 6.34 EPS for the current fiscal year.

A number of brokerages have weighed in on DELL. Nomura dropped their price target on shares of Dell from $60.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Credit Suisse Group dropped their price target on shares of Dell from $61.00 to $55.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. ValuEngine cut shares of Dell from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Deutsche Bank dropped their price target on shares of Dell from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Finally, Morgan Stanley dropped their price target on shares of Dell from $67.00 to $66.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 27th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $60.21.

About Dell

Dell Inc (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Dell is a holding company that conducts its business worldwide through its subsidiaries. The Company operates in four segments: Large Enterprise, Public, Small and Medium Business, and Consumer.

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Institutional Ownership by Quarter for Dell (NYSE:DELL)

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